Open sale of wheat, rice to cool inflation
CABINET DECIDES Bs Reporters / New Delhi August 22, 2008, 0:27 IST The Cabinet Committee on Economic Affairs (CCEA) today approved open market sale of wheat and rice to combat inflation. The sale will be conducted after the requirements of buffer and strategic stocks are met. The buffer norm for wheat on April 1 was 4 million tonnes (mt). Creation of a 3 mt strategic stock has also been proposed. The central pool had a wheat stock of 24.38 mt on August 1.